ArmInfo. The consumer market in Armenia in October 2017 recorded inflation of 0.8%, which is caused by a rise in price of non-food products by 1.9%, food - by 1.2%, while tariffs for services are reduced by 0.5%. In the capital, consumer prices rose by 1.1% in October. In January-October 2017, deflation in 0.9% led to a decrease in the price of food products by 1.7%, a decrease in tariffs for services - by 1.1%, with a rise in the price of non-food products by 1.1%.The National Statistical Service of Armenia told ArmInfo that the average monthly decline in consumer prices in January-October 2017 was 0.1%, against a decline of 0.3% a year earlier. In January-October 2017, in comparison with January-October 2016, the consumer market recorded inflation of 0.7% due to a rise in price of food products by 3.7%, while cheaper non-food prices by 2.4% and a decrease in tariffs for services by 1.4% %.
In October 2017, compared to October 2016, a similar pattern was observed: 1.2% inflation in the consumer market was triggered by increased food prices by 3.6%, while prices for non-food products remained unchanged and service prices fell by 1%.It should be noted that inflation in Armenia in October 2016 was 0.5%, due to a rise in price of non-food products by 1.1%, of non-food products - by 0.6%, while tariffs for services remain unchanged. In January-October 2016, deflation of 3.1% was due to a reduction in the price of food products by 5.3% and non-food products by 2.4%, while tariffs for services decreased by 0.7%. The average monthly decline in consumer prices in January-October 2016 was 0.3%, against a decline of 0.2% a year earlier. In January-October 2016 compared with January-October 2015, the consumer price index was 98.5%, including food - 96.5%, non-food - 97.7% and tariffs for services - 102.1%, and in October 2016 in comparison with October 2015 - 99.1%, 98.7%, 96.4% and 101.3% respectively.
